good points though remember with fib any 50% rise in 3 consecutive closely matching leads to consolidation for a medium time period at the third level then followed by breakout to the 4th and 5th ( elliot wave theory intersecting my viewpoint here)
So my previous assertion of a narrower trading band $1.45-$1.70 for 2-3 months maybe 6 months * what would push it to the next range of $2-$2.20 in 6-12 months would be drill results or a profit figure.
I can see $2.20 in 12 months ( though not before 8 months at absolutve miniumum) before u all go jumping on me.
The $1.30-$1.70 was the medium term back a month and a bit back.
Australian newspaper has it as a hold at $1.60
Newry good anaysis without being overly hyperistic
AEV Price at posting:
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